Entropy, Compound and Game Theory

20250726 - Chapter I - 3 This half fictional story is about  Jesse Lauriston Livermore，1877 - 1940. The price changes have pattern, but occasionally break the pattern, and the abnormality may last for quite long time. That make the stock traders go broke. 20250726 - Chapter II – 14 ......but the fact remains that in A.R. Fullerton's office the tape always talked ancient history to me. p14 It was full of cheating and violence back to early 20th century. Latency(information gap) caused by technology disadvantage is also a big obstacle for normal people. That information gap is much narrower now, which means modern society is more fair and more friendly to normal people. Unfortunately modern society also has more traps than before, such as all types of screen. 20250726 - Chapter III – 27 20250726 - Chapter IV – 35 When you know what not to do in order not to lose money, you begin to learn what to do in order to win. p44 I doubt it. In different situation, same strategy may stop workin...

20250617 - Preface Yes this book missed China. It missed that the competition between democracy and dictatorship will not end so quickly, because dictatorship has its own advantages. Computers and internet will push both side to extreme. What will happen? What's the role of AI in information society. 20250621 - Chapter 1: The Transition of the Year 2000: The Fourth Stage of Human Society (In information societies,) It will prove difficult or impossible to preserve many contemporary institutions in the new millennium. p17 Government is getting bigger in the past 27 years, through money printing(unanchered government debt). Genius will be unleashed, freed from both the oppression of government and the drags of racial and ethnic prejudice. p18 Roughly correct. In the future, when most wealth can be earned anywhere, and even spent anywhere, governments that attempt to charge too much as the price of domicile will merely drive away their best customers. p21 Yes and No. Many governments ...